Construction has begun on the 1800 Avenue at Port Imperial, a luxury waterfront development by WHK Waterfront Urban Renewal, LLC in Weehawken, NJ. The project is set to be completed by summer of 2026.
The financing for this project is being provided by Benefit Street Partners with a total loan amount of $210 million. This includes a senior loan of $157.5 million and a mezzanine loan of $52.5 million, bringing the estimated development cost to $313.2 million. Plaza Construction will serve as the general contractor for this project.
Designed by Handle Architects, 1800 Avenue will feature 282 high-end residential units available for purchase. The building will also offer an impressive array of amenities spanning over 45,000 square feet including a lounge area, spa facilities, fitness center with half-basketball court and multi-media room as well as spaces specifically designed for children such as game rooms and libraries along with co-working areas perfect for remote work or studying from home.
Outdoor amenities include an inviting pool area complete with dining stations and kitchen space ideal for entertaining guests along with sun decks featuring fire pits and comfortable lounge seating options.
Benefit Street Partners Provides Financing For Luxury Condos at Port Imperial Development
WHK Waterfront Urban Renewal LLC has officially broken ground on its highly anticipated luxury waterfront development known as “1800 Avenue” at Port Imperial in Weehawken,NJ.The completion date is projected to be summerof2026.
Benefit Street Partners has stepped up to provide financingforthe ambitiousprojectwithanaggregateloanamountof$210million.Thisincludesaseniorloanof$157.SmillionandaloanmezzanineoffS2.Smillion,makingthetotalestimateddevelopmentcostto reach S313.Zmilion.Plaza Constructionhasbeenselectedasthegeneralcontractorfortheprojectandwilloverseetheconstructionprocess.
The 1800 Avenue project, designed by Handle Architects, will offer a total of 282 luxury residential units for sale. The development will also feature an impressive range of amenities spanning over45,000squarefeet.Theseincludealoungearea,spa,fittnesscenterwithhalf-basketballcourt,multi-mediaroom,kids’room,gameroom.library,andco-workingspace.Outdooramenitieswillalso be available such as a pool area with dining and kitchen stations,a sun deck with fire pit and lounge seating options perfect for relaxation and entertaining guests.
With the support from Benefit Street Partners,the Port Imperial Luxury Condos at “1800 Avenue” are set to become one of the most sought-after developments in Weehawken,NJ.
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